Lean Hogs

Lean hog futures were mixed on Friday, with nearby contracts 20 to, 65 cents higher. The CME Lean Hog Index for 8/9 was 12 cents lower than the previous day at $85.50. The USDA pork carcass cutout value was 73 cents lower in the Friday afternoon report, with a weighted average of $94.44. The loin and picnic were both lower, as the belly was down $4.09. The national base hog carcass was down 67 cents to $77.85 in the p.m. report. FI hog slaughter is estimated at 2,272,000 head through Saturday, 22,000 head larger than the previous week and up 26,000 from the same week in 2016.

Aug 17 Hogs closed at $84.650, up $0.200,

Oct 17 Hogs closed at $68.625, up $0.650

Dec 17 Hogs closed at $63.250, up $0.550

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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